HomeMy WebLinkAbout2036 To plac~ and cont~nuoualy keep on the bui!d~n9i now a hsreatt~r ~iruat~ o~ ~aid I~nd and on al~ eqvipm~nt ~nd pasoe?~Ily tovertd by thit ma~~
afl~, with •II premivms 1he~con pa~d in full, fire in~urance in tha usual staixlard potity fam, in ~ ium app~oved by 1M MORfGAGEE, a~d w~ndsrorm
~nsur~ncv in tM v+~al ~undard pol,cy tam, in • ium app~oved by ~M MORTGAGEE. i~ such compa~y w canpaniti as ~he MORiGAGEE m+y
ditKlj ar~d all tir~ and w~ndstorm insurance polK~es on aey o( iaid Iwitd~nps, ~oy Mterest tM?~in w p+rt ~herwf, in t!w apy.e9~~e sum •iaesa~d a
in ~aceu ~hereof, ihall contain ths uiual ~tandud mat~apee claus~ a such o~M+ clau~ ~s tM Ma~9aqN m~y requ~rs, m+?ir,p ~M ~os~ unda sa~d po~F
ciei, each and every, payable lo said MORTGAGEE ~s ~~s inte~es~ may appear, and each and ~very t~ch policy sfi~ll be p~ompt~Y +is 9^ed ~~d de~ivered ~o
any held by said MORTGAGEE as lurthe~ sec~rity to said mortq~ye dcbl, and, not ku tMn ten (10) days in ad~ance of the exp~rat~on of each pol~cy, to de-
IivN to uid MORTGAGEE a r~newal therwf, toge~hN wi+h a ~eteipt fa 1he pr~mium of i~th re~+ewal: and Ihere shall be ~o f~re or windsrorm insur~nc~
pl~cad on any of said buildings, ~ny intere~t therein or pu1 thereo(, unless in tM form and with tM loss payable as afw~ssid; and in the event any ~um
of mo~ey becomes payabte unde~ such poticy w policies said MORTGAGEE shall Mve ~M option to receive ~nd apply the sam~ on accoun~ of ~he indebted-
ness tecured hereby a ro ptrmit said MORTGAGORS to reteive and use it a any part Ihereof fa othc. pu~poaes, without th_rcur warvn~g or u~~p~~~-
ec
~n9 any tq~ity, lien w ~ight under w by virtue oi lhis mo:tfl~ge; ~nd in the event said MORTGAGORS shsll (a any reason (ail to keep the said p~emisrs w
insured, a fail to deliver promptly any of said policies of insurance to said MORTGAGEE, u fail promptly to pay fully any premium therefw or in a~y
respect fail ro per(o?m, diuharge, execufs, e~fect, complete, comply witA and abide by this covenant, a any parl hereof, said MORTGAGEE mey p~ace a~d
paY fa tuth ina~rance or any part thereof witho~t waiving or affec4iny any option. lie~, pui~y. w rigM under or by virtue of this Matga9e. ~~d the
futl amounl of each and evtry svch payment shall be immediately dw and p~yable and shall bear i~terest from the dats thcreof uniil paid st the rate ol
nine per cenrum pe~ annum and together wirh such i~terest shall be sccurtd by the lie~ of this mwtgsge.
1. To permit, commit w sufia no waste, impairment a deteriorition of said prope?ty a any part thereof.
5. To pay all and :ingulsr ~he coats, charges and expenses, including a reasonabte at?aney's fee and costs of abstracts of Ntle, incur?ed a pa~d at
any time by said MORTGAGEE, because or in tF+e event of the failure on the part of the said MORTGAGOR to duly, promptly and fully pertorm, d~scharge.
execute, etfect, complete, comply w~th and ablde by esch and every the stipulat~ons, sgreements, conditions, and cove~ants of said promissory note and ~his
mwtgage any w e~ther, a~+d sa+d costs, charge~ and eapenses, exh and ev~ry, shall be immediately dve and p~yable; whether o~ ~ot there be notice da
mand, attcmpt to cotted or suit pend~ng; and the full amount of each and every such payment shsll bea. interes~ irom ~he date thereof until paid a~ the
rate of ~ine per centum prr an~wm; and all said costs, charges and expensea int~rred w paid, togethet w~th such interest, shall be secured by the iie~ of thi~
mortgage.
6. Thst (a) in the event of any breach of this Mortgage w defaulf on tM part of the MORTGAGOR, or (b) in the evenf any of satd sums of money
herein referred to be not promptly and f~lly paid within th~rty (30) days next after the same severally become due a~d payable, without demand w noiice.
or (c) in the event each and every the stipulations, agreements, co~ditans and covenants of sa~d promissory note and th~s mortgage any a either are not
~uly, promptly a~d fully pcrfwmed, dtxharged, executed, eifected, completed, complied wi~h and abided Sy, then in either w any such event the sa~d ag
gregate wm mentioned in said promissory note then remaini~g unpaid, with interest accrued, and all moneys secured hereby, shall become due and pay-
ab!e forthwith, w thereafter, at the option of said MORTGAGEE, as (ully and completely as if a~l of the said wms oF money were o~ig~na~ly stipulated
ro be pa~d on s~ch day, anything in sa:d prom~ssory note or in this Mortgage to the contrary notwithstandi~g; and thereupon or thereafter at the opuon of
sa~d MORTGAGEE, without notice or demand, suit at law w in equity, therefo~e or thereafter begun, may be prosecuted as if all moneys secured Fureby
had matured pnor to its institution.
7. That in the event that at the beginning of w at any time pendi~g any suit upon this Matgage, or to foreclose it, w to refwm it, or to enforce
payment of any claims he~eunder, wid MORTGAGEE shall apply to the Courf having jur~sdictio~ thereof for the appo~ntment of a Receiver, such Court ahall
Forthwith appoint a receiver of said mwtgaged properfy atl and singular, includ~ng all and singular the income, profils, issues and revenues from whatever
source derived, each and every of which, it being expressty understood, is hereby mwtgaged as ~f spec~fically xt forth and described in the granring and
habe~dum clauses hereof, and such Rece~ver shall have atl the broad and effective funcnons and powers in anywise e~trusted by a Cour1 to a Receiver, and
such appointmem shall be made by such Court as an admitted equity and a matter of absolute 'itghl to said MORTGAGEE, and wifhout reference to the
ad~quacy w inadequaty of the value of the property mortgaged or to the soivency or insolvency of ^asid ARORTGAGOR or tl~e defendants, and that such
renfs, profits, income, iuues and revenues shatl be applied by such Receiver accord~~g to the lien or eqvity of said MORTGAGEE and the practice of such
Courf.
8. To d~ly, promptly and fully perfo~m, discharge, execute, effect, mmplete, comply with and abide by each and every the stipvlations, agreements, ;
conditions and covenams in sa~d promissory note and ~his mortgage set fo?th. ~
9. That in the evertt the ownership of the mortgaged prem~ses, or any part thereof, becomes vested in a person orher than the MORTGAGOR, the
M.ORTGAGEE, its successors and auigns, may, wifhout no~ice to the MORTGAOR, deal with such successor w successor in interest with reterence to this
rrortgage and the debt hereby setured in the same manner as with Mo~tgagor wi?hout in any way vitiating w d~uharging 1he Mott9agori liability here-
~nder w upon the debt hereby secured. No sale of the premixs hereby mortgaged and no fwbearance on the part oi the MORTGAGEE w its successws
cr assi9ns and no extens~on of the time fw the payment of the debf hereby secured given by the N10RTGAGEE or its tuccessors w au~gns, ahall operate
to release, d~scharge, modify change or affect the original liabifity of the MORTGAGOR F+erein, either in whole or in part.
10. It is specifically agreed that time is of the cssence of ~his contract and that no waiver of any obligation hereunder or of the obligat'an se-
cured hereby shall at any time thereafter be held to be a waiver of the terms hereof or of the instrument secured herby.
11. In add~tion to the forego:~g momhly payments ot princ'pal and interest required by the promissory note secured hereby, mortgagor covenaros
and agrees to pay to mo:tgagee vvith each monthly Fayrnent an add~~ional sum estimated by mortgagee to be equal to ! f 12 of the annual cost of the follow-
ing:
A-All real property taxes levied or assessed against thc above deuribed real estate.
~ B-Pre~niums on ~ire and windstorm insurance as herein requ~red to be carried on the improvements situate on fhe above desaibed premises.
C-Premiums on such mortgage guaranty insurar,ce as mortgagee shall from t:me to time deem fit to carry on tF~e loa~ secured hereby.
I~ Mortgagee sfiall from time to time notify mortgagor in writing oi the amount due and payable FKreunder and such sum shall thereupon be due and
~ Fayabie on the due date of the neat monthly payment and each successive month thereafter ur.tit rtwrtgagee shall notify mortgagor of a change in such
~ a~~ount. Such sums sFail be applied by mortgagee toward the payment of real property taxes, insurance prem:ums, and mortgage guaranty insurence
F p~emiums.
~ IN V~ITNESS Y~HEREOf, the said MORTGAGOR has hereunto set his hand and seal the day and year first aforesaid.
~
+ Signed, Sealed and delivered in th presence of:
~ ~ sq
Delui 3 CO~abS (Seaq
_ r~ - ~~'1,~~ ~ ~~n
Hatt~e Co~bs
STATE OF fLORIDA
St . Luc ie
couNrY of 1
Befwe me penonally appeared D@T1i11S CO~S and
•
}~ttle COmbS his wife, to me well known and known to me to be
the individuats described in and who executed the foregoing instrumenf, and acknowledged befwe me fhat they executed the same fw the purposes
therein expressed. Md the sai Hattie C IIb i~"~~~ ~ f.
~ :
w;fe of the said ~@IlI11S COIDbS uROi+'a.te~a
~s e~sdd? ~ jyate
examinatan by me taken separate and apart from her said husband, atknowledged to and before me that she executed said insyuf~erR'~reeljf~d4p-
rarity and without any compuision, constraint, apprehension.~r fear of w from her ssid husband. . r_ ~
WIT~lE55 my hsnd and official seal tbis N1 dsy of April ~ y aJB^.;9'
~ - ! ~ . ~ ~ . ' ;.L: t'" S :
1~
~ Notary Public in and for t Stat~, bf Nocid; at LarB~ ; ~
~ My Commiuion expires: ~ o- 3 F'-.'~I 6~ '
~f :
~ Return To: ~ , ! 1
~ Fint federal Savings 3 loan Association ' ~ - . • .i ~
~ Of fort P~~rce. ~ , '
Fort Pierce, fbrida
Fi~EO aKO RECO~oEo
' ST.LUCiE COUMTY flA.
ROGiR ?OITRAS
~ CIERR C'Ri,1~1T COURT rn
This Instrument Prepared By J.H. Robezts~ Jr. PECORO vEf:~flfD~.=
First Federal Savings 8 loan Association
of Fort Pierce~ Rlorida. M~r 1 3 si PH'73 25342'7
Checked By
BOOK 213 PA6E~~c
~l z
~ - ~~.r:.. ' _ ~
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